Debt Management Plans

Debt Management Plans

Debt management Plan is a way of bringing down your current monthly repayments. Your creditors are asked to accept lower payments from you and to make other concessions too, such as freezing interest. With ClearStart you get Debt Management Plans.

How much you could save each month with ClearStart Debt Management

Many debt management companies charge fees for Debt Management Plans but ClearStart pays 100% of your contributions to lenders.

Give us a call on 0800 988 9345 for further details – or Request a Call Back!

Crucially, ClearStart is not funded by the banks, credit card providers or other creditors. It means we will recommend debt management only when it’s the best choice for you, and we will work hard to negotiate a fair deal with creditors to help you to address your debt. ClearStart does not have to meet any debt management  ‘quotas’, so you can be sure that the services and advice you receive is independent.

ClearStart offer Debt Management Plans

ClearStart acts on your behalf as soon as you ask us to start a debt management. We contact all of your unsecured creditors, explain your situation and negotiate with them on your behalf. If a creditor chases you for payment while you are in debt management, you can refer them to us.

Assuming that negotiations are successful, you will be able to start making just one repayment to us every month. This single payment replaces all of your current repayments to unsecured creditors.

Give us a call on 0800 988 9345 for further details.

Advantages

• Monthly payments are affordable
• Interest is sometimes frozen
• Your home is not at risk if you keep up payments
• Your friends and family don’t have to know
• ClearStart will deal with all of your creditors
• You have access to help if creditors contact you

Disadvantages

• No legal binding
• Creditors can continue to chase you
• Can take a long time to complete
• Your credit rating will be affected
• Interest can sometimes continue building up

It is important to note that Debt Management Plans are not legally binding and does not often give a final settlement to your debts, although there are exceptions to this. it can be useful, however, for many people.

Please note that Debt Management Plans may:

• Lead to an increase in the sum to be repaid
• Lengthen the repayment period
• Additional fees or interest may be charged by your creditors
• Credit rating may be effected if not already so

Give us a call on 0800 988 9345 for specialist debt advice.

Calls from mobiles and other networks to 0800 numbers may incur a charge. When you speak to us, ask us to call you back so that you do not have to pay for the call.

Further reading
Debt Help | Debt Advice | Debt Solutions | Debt Management Plans | How debt Management Works | Compare Debt Solutions